February 12, 2018China
China's balance of payments data doesn't show any material increase in the pace of offshore lending.
December 28, 2017Global Governance
Coauthored with Anne Shannon, former intern in the International Institutions and Global Governance program at the Council on Foreign Relations. After President Donald J. Trump’s election last fal…
December 22, 2017Cybersecurity
2017 will be remembered as the year that cyber incidents started inflicting real economic losses on companies.
December 20, 2017Economics
“I am confident that the apparent disconnect between growth and inflation is a temporary phenomenon,” said ECB executive board member Yves Mersche on December 6. The “deep downturn” in the Eurozo…
November 21, 2017Eurozone
The eurozone member-states may never be able to run a fiscal policy that is optimal for the eurozone taken as a whole.
May 15, 2017China
China tends to import natural resources—oil, iron ore, soybeans and the like. Now that China has a large industrial economy, it doesn't have much choice: China wasn’t blessed with a ton of oil or gas…
April 26, 2017Trade
The idea behind “fiscally-driven external rebalancing” is straightforward. If countries with external (e.g. trade) surpluses run expansionary fiscal policies, they will raise their own level of de…